Hows The Real Estate Market

Dated: 05/25/2017

Views: 16

How's the Real Estate Market? Find Out What the Experts Are Saying


How's the Real Estate Market? Find Out What the Experts Are Saying | MyKCM


As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:

Doug Duncan, Fannie Mae Chief Economist

“Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.”

Diana Olick, CNBC

“Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver's seat.”

Daren Blomquist, Senior VP at Attom

"I am guessing we will see it get even better… If you are considering moving, it could be a really good time to sell."

Lawrence Yun, NAR Chief Economist

"The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month. Although finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings…for sales to muster a strong gain. Sales will go up as long as inventory does."

Mark Fleming, First American Chief Economist

“Despite higher mortgage rates, the potential for home sales increased on an annual basis driven by steady income and job growth, along with a surge in building permits. While it may be a little late for this spring, the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many markets from realizing their full potential this spring.”

Want to Advertise on this Site?

Latest Blog Posts

3 Issues Facing Todays Real Estate Market

3 Issues Facing Today’s Real Estate MarketLast week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the

Read More

Happy Birthday America Here Is A Quick Guide To 4th Of July Events In And Around Reston Virginia

Happy Birthday, America! Here is a quick guide to 4th of July Events in and around Reston! With summer in full swing, kids out of school, and anticipated upcoming summer vacations, it’s that time

Read More

Parents Say Kids Opinions Matter Big When Buying A Home

Parents Say Kids’ Opinions Matter Big When Buying a HomeA recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of

Read More

When Is A Good Time To Rent Not Now

When Is a Good Time to Rent? Not Now!People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain

Read More